About Newsela
Newsela is a company based in New York (United States) founded in 2013.. Newsela has raised $172.73 million across 7 funding rounds from investors including Kleiner Perkins, Franklin Templeton and The Chan Zuckerberg Initiative. Newsela has completed 3 acquisitions, including Formative, Generation Genius and HapYak. Newsela offers products and services including Newsela ELA, Newsela Social Studies, Newsela Science, and Formative.
- Headquarter New York, United States
- Stage Unicorn
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Sectors
Education
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Email
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Phone
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Website
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Social
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- Legal Name Newsela, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$172.73 M (USD)
in 7 rounds
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Latest Funding Round
$100 M (USD), Series D
Feb 25, 2021
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Investors
Kleiner Perkins
& 31 more
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Employee Count
Employee Count
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Investments & Acquisitions
Formative
& 2 more
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Products & Services of Newsela
Newsela offers a comprehensive portfolio of products and services, including Newsela ELA, Newsela Social Studies, Newsela Science, and Formative. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for content-rich literacy instruction and student outcomes
Resources for preparing students with relevant content
Integrates science and literacy for engaging learning
Tool for real-time insights and collaborative assessments
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Software Development Team
21 people
Product Management Team
11 people
Leadership Team
7 people
Human Resources and Administration
6 people
Sales and Marketing
6 people
Creative and Marketing Team
3 people
Principal Team
2 people
Data Analysis and Operations Team
2 people
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Funding Insights of Newsela
Newsela has successfully raised a total of $172.73M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series D — $100.0M
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First Round
First Round
(01 Jun 2013)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series D - Newsela | Valuation | Franklin Templeton Investments , TCV | |
| Mar, 2019 | Amount | Series C - Newsela | Valuation | TCV |
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| Oct, 2015 | Amount | Series B - Newsela | Valuation | Kleiner Perkins |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Newsela
Newsela has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Kleiner Perkins, Franklin Templeton and The Chan Zuckerberg Initiative. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Investments in edtech companies are made by Owl Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Newsela
Newsela has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Formative, Generation Genius and HapYak. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Science learning resources are provided for children and schools.
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2017 | ||||
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Online platform offering real-time instruction tools for educators
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2013 | ||||
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Interactive Video platform
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Newsela
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newsela Comparisons
Competitors of Newsela
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Newsela
Frequently Asked Questions about Newsela
When was Newsela founded?
Newsela was founded in 2013.
Where is Newsela located?
Newsela is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Newsela a funded company?
Newsela is a funded company, having raised a total of $172.73M across 7 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Jun 01, 2013.
What does Newsela do?
Newsela was founded in 2013 and is headquartered in New York, United States. An online platform is operated in the education technology sector, where instructional materials are provided to educators for enhancing student engagement. Solutions are offered for schools and students across subjects including social studies, science, and essentials. Additional resources such as study guides, webinars, research reports, and distance learning tools are also made available.
What products or services does Newsela offer?
Newsela offers Newsela ELA, Newsela Social Studies, Newsela Science, and Formative.
How many acquisitions has Newsela made?
Newsela has made 3 acquisitions, including Formative, Generation Genius, and HapYak.
Who are Newsela's investors?
Newsela has 32 investors. Key investors include Kleiner Perkins, Franklin Templeton, The Chan Zuckerberg Initiative, Techstars, and Knight Foundation.
What is Newsela's valuation?
The valuation of Newsela is $1B as of Feb 2021.
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